Law Firm Chapter 11

In 2012-2013, David Criswell represented a lender with a blanket lien on the assets of a national mass tort plaintiff’s law firm which filed Chapter 11 in Portland, Oregon.  Mr. Criswell represented the lender in prosecuting an adversary proceeding to determine the validity and priority of competing liens, in defending a lender liability action brought by another creditor of the law firm, and in negotiating plan treatment.  Mr. Criswell’s efforts resulted in a judgment that the bank held a first priority lien, in the dismissal with prejudice of the lender liability action, and full payoff of the secured loan under a confirmed Chapter 11 plan, including payment of an exit fee to the lender.